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Commonwealth Bank of Australia posts record $8.6b cash profit
The Straits Times
|August 14, 2025
Commonwealth Bank of Australia profit met estimates as home-loan growth and lending to businesses supported the country's biggest lender.
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MELBOURNE -
Cash profit from continuing operations rose 4 per cent to a record A$10.25 billion (S$8.6 billion) for the 12 months ended June 30, according to a statement on Aug 13. That compared with the A$10.26 billion average estimate of analysts surveyed by Bloomberg.
Chief executive Matt Comyn has prioritised lending to companies at the same time as maintaining the firm's pole position in mortgages. That has helped to offset difficulties from falling benchmark interest rates in Australia that are weighing on banks' margins.
Dit verhaal komt uit de August 14, 2025-editie van The Straits Times.
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